Grid Dynamics Holdings Inc (GDYN)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -2,105 | -5,580 | -21,008 | 50 | -15,448 |
| Revenue | US$ in thousands | 350,571 | 312,910 | 310,482 | 211,280 | 111,283 |
| Operating profit margin | -0.60% | -1.78% | -6.77% | 0.02% | -13.88% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $-2,105K ÷ $350,571K
= -0.60%
Based on the data provided, Grid Dynamics Holdings Inc's operating profit margin has fluctuated over the past five years. In December 2020, the company reported a negative operating profit margin of -13.88%, indicating that its operating expenses exceeded its operating income by a significant margin.
However, by December 2021, the operating profit margin improved slightly to 0.02%, suggesting that the company was able to better manage its expenses relative to its income. Despite this improvement, the margin remained quite low, indicating that Grid Dynamics Holdings Inc may still be facing challenges in generating significant profits from its operations.
In the following years, the operating profit margin continued to fluctuate, remaining negative but gradually improving. By December 2024, the margin stood at -0.60%, showing a further move towards profitability but still indicating that the company's expenses were relatively high compared to its operating income.
Overall, the trend in Grid Dynamics Holdings Inc's operating profit margin over the analyzed period suggests that the company has been working to enhance its operational efficiency and control costs. However, the margin remains in negative territory, indicating ongoing challenges in generating profits from its core business activities.
Peer comparison
Dec 31, 2024